Georgia Chamber Economic Competitiveness Redbook 2024

Page 78

War for Talent

Table 25

2023 Home Ownership Rates by State Georgia’s homeownership rate increased to 64.7% in 2022 from 64% in 2021. The homeownership rate peaked in 2002 and is currently down 7% since that time.

State

2021

2022

2021 to 2022 Difference

Rank: 2021 to 2022 Difference

United States

65.5%

65.8%

0.30%

-

Alabama

73.4%

72.1%

-1.30%

47

Alaska

64.0%

65.1%

1.10%

18

Arizona

65.2%

68.1%

2.90%

4

Arkansas

66.1%

66.8%

0.70%

21

California

54.2%

55.3%

1.10%

19

Colorado

65.9%

67.4%

1.50%

12

Connecticut

66.1%

64.8%

-1.30%

46

Delaware

73.5%

74.9%

1.40%

16

District of Columbia

42.3%

42.3%

0.00%

-

Florida

67.2%

67.3%

0.10%

31

Georgia

64.0%

64.7%

0.70%

22

Hawaii

58.1%

59.2%

1.10%

17

Idaho

71.0%

71.3%

0.30%

27

Illinois

68.3%

66.7%

-1.60%

49

Indiana

73.0%

72.6%

-0.40%

35

Iowa

72.1%

73.8%

1.70%

10

Kansas

69.3%

69.0%

-0.30%

33

Kentucky

72.1%

71.4%

-0.70%

41

Louisiana

68.9%

69.6%

0.70%

23

Maine

75.9%

74.9%

-1.00%

44

Maryland

69.7%

71.8%

2.10%

6

Massachusetts

62.0%

61.2%

-0.80%

42

Michigan

73.0%

74.0%

1.00%

20

Minnesota

75.6%

75.1%

-0.50%

39

Mississippi

71.3%

73.1%

1.80%

9

Missouri

72.8%

70.6%

-2.20%

50

Montana

68.1%

68.3%

0.20%

29

Nebraska

68.4%

69.0%

0.60%

24

Nevada

60.5%

60.3%

-0.20%

32 continued →

74


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Georgia Chamber Economic Competitiveness Redbook 2024 by Georgia Chamber of Commerce - Issuu